PVR Inox Q2 earnings: Multiplex player reports Rs 11.8 crore loss; the action reacts

PVR Inox Ltd on Tuesday reported a loss of Rs 11.8 crore for the September 2024 quarter. The multiplex player had reported a profit of Rs 166.3 crore in the corresponding quarter of the previous fiscal. Q2 revenue fell to Rs 1,622.1 crore from Rs 1,999.9 crore in the September 2023 quarter.

Total consolidated revenue fell 18% to Rs 1,663.9 crore in the second quarter, compared to Rs 2,023.7 crore reported in the corresponding quarter of the previous financial year (24Q2FY24). Expenses for the September quarter fell 6.8% to Rs 1,678.6 crore in the latest quarter from Rs 1,802 crore in 2Q14.

Earnings per share fell to Rs -1.20 per share (in the negative) from Rs 16.97 per share in the September 2023 quarter.

In reaction, the stock fell to Rs 1,578.95. However, it recovered to trade the greenback at Rs 1,615 against the previous close of Rs 1,586.75 on the BSE. The company’s market capitalization stood at Rs 15,899 crore. A total of 0.39 million shares of the company changed hands, for a turnover of Rs 6.27 crore.